03 September 2013

Barry Callebaut opens $33 million cocoa factory in Makassar, Indonesia

Makassar, Indonesia/Zurich, Switzerland – 03 September 2013 – Barry Callebaut, the world’s leading manufacturer of cocoa and chocolate products, today inaugurated its new, joint cocoa processing facility in Makassar, Indonesia. Barry Callebaut owns 60%, and P.T. Comextra Majora 40% of the joint venture company P.T. Barry Callebaut Comextra Indonesia. The USD 33 million (CHF 31 million / EUR 25 million) cocoa factory in Makassar will have an initial annual grinding capacity of 30,000 tonnes, which is supported by a long-term bean supply agreement with P.T Comextra Majora.

Following the recent acquisition of the cocoa business from Singapore-based Petra Foods, Barry Callebaut is further enhancing its manufacturing footprint in fast-growing Asian markets: Besides the newly built Makassar site, the company has 4 other cocoa and 4 chocolate factories in the region. 

As Asian economies grow, demand for high quality cocoa and chocolate products also increases. It is expected that Asian demand for cocoa powder products will grow by 5-9% annually in the coming years; chocolate volume growth is forecast to increase by 4-6% in the same period – much higher than the respective growth rates in other parts of the world.

With 13% of the world crop, Indonesia is the world’s third largest cocoa growing country. The new factory in Makassar is ideally located on Sulawesi Island, where most Indonesian beans are grown, thus reducing logistics costs.

Juergen Steinemann, CEO of Barry Callebaut, said: “The new facility in Makassar built jointly with our partner P.T. Comextra Majora opens new cocoa sourcing possibilities and further strengthens our overall manufacturing footprint in our Region Asia-Pacific. Together with earlier investments and the recently acquired cocoa factories from Petra Foods in Asia, we are able to offer the best factory structure and support in a region where demand for quality cocoa and chocolate products is growing rapidly.”

According to Jimmy Wisan, CEO of P.T. Comextra Majora and President Commissioner of the joint venture P.T. Barry Callebaut Comextra Indonesia, the partnership is a natural extension of the long-standing business relationship with Barry Callebaut. He commented: “Our businesses complement each other and the partnership will harness the strengths of both companies. Barry Callebaut will be responsible for the operations and will purchase the manufactured products while P.T. Comextra Majora will supply the new facility with cocoa beans under a long-term supply agreement.”

With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2 billion) in fiscal year 2011/12, Zurich-based Barry Callebaut is the world’s leading manufacturer of cocoa and chocolate products. Combined with the recently acquired cocoa ingredients business from Petra Foods, Barry Callebaut generates estimated annual sales of CHF 6 billion (EUR 4.9 billion / USD 6.4 billion), runs around 50 production facilities worldwide, sells its products in over 100 countries and employs a diverse and dedicated workforce of more than 8,000 people.

Source: Barry Callebaut